Global Frozen Seafood Market to Gain Momentum in Coming Years Due to Massive Demand and Advancement in Coldchain Infrastructure

Published on : Feb 15, 2018

Albany, New York, February 15, 2018: As more people are getting aware of the nutritional and health benefits of seafood, it is starting to emerge as a most sought after delicacy among the masses. In order to meet the demands of consumers in places with low accessibility to fresh seafood products, seafood producers have integrated the refrigeration infrastructure to ensure that the quality and fine taste of seafood remains same. This has driven the global demand for frozen seafood. Recently, a new study has been published to the online repository of Market Research Hub (MRH), which is titled as “Frozen Seafood Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026”. The main motive of the study is to provide an in-depth analysis of the market trends, factors in the current market along with industry growth prospects from 2012 to 2017, and forecast to 2026.

To provide better and accurate results, the report majorly focuses on some of the prime regions including the Middle East and Africa (MEA), Japan, Europe, Asia Pacific excluding Japan (APEJ), North America, and Latin America. The regional analysis section is a crucial segment of the report, which enlightens reader about the market scenario and trending factors influencing the market shares for each region. According to the recent findings, the global market for frozen seafood will witness a slow CAGR of 3.70% during the period from 2017 to 2026 and reach a value of US$32 bn by the end of the period of the forecast.

Major Insights from the Study

  • Seafood continues to be served across local dietary cultures in several parts of the world, as it is considered as one of the richest sources of high-quality protein. Major players in the global frozen seafood market are adopting advanced processing techniques to increase the endurance of the products against external factors such as changing weathers damage, and fluctuations in freezing temperatures.
  • Among various products, the demand for frozen fishes is relatively higher than other products. Researchers anticipate this trend to remain so over the next few years. This report has been segmented on the basis of product type, which covers Molluscs, Crustaceans and others.
  • In terms of geography, the significant usage of fishes in European cuisines, together with the increasing alliance of cold storage services in the region, is likely to support the Europe market for frozen seafood in the near future.
  • Further, major end-users are also studied in the report. Food Chain Services, Modern Trade, Departmental Stores, Online Stores are some of the major sources which are responsible for the fastest sales of frozen seafood products.

By providing objective information on the future prospects of frozen seafood, the report creates a roadmap that can enable market players in making informed decisions for the near future. Iglo Group, AquaChile, Leroy Seafood, High Liner Foods, Marine Harvest ASA and Clearwater Seafood are some of the major players in this market.

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